types and d

The objectives of cost audit are manifold. The purposes may be enumerated as to make people cost
conscious and to help improve all-round industrial efficiency and maximize production. The cost audit
may bring forth benefit to the shareholders, the creditors, the bankers, the government the taxation
department and to the society at large. The objectives may then be described as below –

Serving public interest:

 Ensure the quality of goods.

 Ensure the standard price of goods and services.

 Protect customer right.

 Protect the interest of the shareholders and other related parties.

Management Objectives:

 Maximizing the profitability.

 Operating within the country’s legal framework.

 Ensuring continuity and growth of the business and

 To meet the shareholders expectations.

done and done

 Equitable economic development of all the regions.

 Saving foreign exchange.

 Greater employment.

 Ensure more effective use of resources.

 Transfer and development of new technology.